This fee-simple retail shopping center in Nashville, TN, presents a compelling investment opportunity. The 24,092 square foot building, constructed in 1989, sits on a 1.57-acre lot and is currently 39% occupied. A major tenant, Concentra Urgent Care, occupies a significant portion of the space with a lease extending for six years, including a five-year renewal option based on fair market value. Concentra's lease is a triple-net (NNN) lease, meaning they cover common area maintenance, taxes, and insurance. The property boasts a 6.50% cap rate and is priced at $2,700,000 ($112.07 per square foot). Its prime location at the signalized intersection of Gallatin Pike N and Myatt Dr (53,500 combined vehicles per day) benefits from high visibility and strong tenant synergy with nearby big-box retailers such as TJ Maxx, Olive Garden, Whataburger, Dutch Bros, The Home Depot, Target, Walmart Supercenter, PetSmart, and Hobby Lobby. The property is less than three miles from Interstate 65 (176,600 vehicles per day), offering excellent access. The surrounding area has a robust population of over 109,000 residents and 50,000 employees, with an average household income of $82,876. This presents a value-add opportunity for investors to lease up the vacant space and increase profitability. The property's Davidson County location is further identified by APN 034-06-0-034-00.
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Andrew Fallon
Philip Wellde
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1717 Gallatin Pike, Nashville, Tennessee, 37115
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1717 Gallatin Pike
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